Check this thread man. I'm not espousing it... just beginning to wrap my head around it. Here's an iHub board apparently dedicated to watching this kind of stuff & here the latest comment (by the way, just link backwards on the post to read the full set of ideas this guy has on it. vely intellesting).
His words: "That's my opinion. They want the money flowing into where they can make the most money, right? Makes sense to me. I spoke to an MM a few weeks ago, and he told me that they could not short 1-sided stocks. That's a lot of revenue they are missing out on."
So the gist of it, as regards explanations/conspiracy theories is that the market makers do not like companies that don't hire them and they are using the pinksheets.com/SEC muscle to strong-arm BIGN into hiring a broker/dealer sponsor at a fat fee. Then, the other MMs can begin naked shorting BIGN & ripping off really big bucks working the system to their total "in compliance" advantage. The interesting thing I see here is that I'd always wondered why BIGN had not fallen prey to the naked shorting MMs. This would explain that, regardless of it being a "tainted" explanation due to it being so conspiratorial.
Onward thru the fog. I guess if you refuse to play ball, the system bares its teeth & snarls at you. Lets hope BIGN hires a company to sponsor them, submits all the paperwork & plays ball with the "system".